Ontario · Receivership (court-appointed)
Respondent’s Materials dated March 26, 2026
Affidavit · 26 March 2026
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What we verified from this filing2 verified
- secured creditorsnote: Quantum genuinely disputed by debtor. Total construction advances stated as approx. $1.89 million (net funds); registered principal amounts increased by prepaid interest, holdbacks, interest-on-interest and lender fees claimed as 'principal' (debtor disputes these) (paras 9-13). Applicant's counsel stated in a Nov 11, 2025 email that the amount owed for both charges combined was 'almost $2.8M' in response to a $1.8M settlement offer. Per the affidavit, the Applicant most recently requested approximately $2.4 million, while debtor proposed a $2.2 million settlement. Debtor states 'the true amount owing requires accounting and determination.' · page: 6 · debtor: Hamidreza Naderian and the Estate of Reyhaneh Golestani · creditor: 2715932 Ontario Inc. (as assignee of Newland Financial Inc.) · currency: CAD · security: Mortgages/charges registered against 2970A Bayview Avenue and 2970B Bayview Avenue, Toronto (originally advanced by Newland Financial Inc. for construction financing beginning November 2022; mortgage(s) assigned to the Applicant in October 2025)
- secured creditorsnote: Amount represents arrears paid by the Applicant (assignee/second mortgagee) to RBC to protect its security, per discharge/payout statements referenced in correspondence; debtor queried why the amount appeared duplicated across both mortgage statements/summations; not confirmed as RBC's total outstanding balance, and RBC's mortgage status (discharged vs. current) is not stated. · page: 36 · as of: 2025-11-11 · amount: 228930 · debtor: Hamidreza Naderian / Estate of Reyhaneh Golestani · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: First mortgage(s) on 2970A and/or 2970B Bayview Avenue (described as 'the first mortgagee')